Antigua CIP Applications Soar in 2024

Antigua and Barbuda's Citizenship by Investment Programme (CIP) has witnessed unprecedented growth in the first half of 2024, with applications surging by 205% compared to the same period last year. This remarkable increase can be primarily attributed to investors aiming to acquire citizenship before implementing new investment thresholds on August 1st, 2024. These changes, part of a regional initiative to standardize CIPs across the Eastern Caribbean, have significantly impacted the investment migration landscape.

Record-Breaking Applications and Revenue

The CIU reported a staggering 739 applications in the first six months of 2024, exceeding the total for any previous full year. This dramatic rise follows a strong performance in 2023, which saw a 40% increase in applications compared to 2022, with a total of 685 applications received. The National Development Fund (NDF) remains the most popular investment option, attracting 83% of applicants, while real estate investments account for 15%. This translates to the NDF receiving 614 applications in the first half of 2024, generating US$62.975 million, surpassing the 2023 total by 8% and the previous half-year record (H2 2018) by 65%.

Shifting Demographics and Investment Trends

While Chinese investors have historically been the largest applicant group, representing 21.5% of all nationalities since the program's inception, the first half of 2024 saw a surge in applications from other regions. For instance, Americans now represent... Continue reading here via Apex Capital Partners.